PTC Industries Limited has entered into a Share Purchase Agreement (SPA) to acquire a 100% stake in Trac Precision Solutions Ltd., a UK-based company specializing in precision-engineered components for aviation, defense, and power generation markets. The acquisition also includes Trac Holdings Ltd. and two other non-operating entities. Upon completion, Trac Precision Solutions will become a wholly owned subsidiary of PTC Industries, with the other entities becoming step-down subsidiaries.
The acquisition aligns with PTC Industries’ strategic objectives and is expected to create operational synergies by leveraging the strengths of both companies. The deal is subject to approval from UK authorities under the National Security and Investment Act 2021 and is expected to close within the next three months.
PTC Industries plans to use the acquisition to expand its presence in international markets and enhance its capabilities in high-precision manufacturing.
